Bangladeshi Investors Say “Yes” to Grenada Second Citizenship

Bangladesh Case: A Way to Economic Miracle

In the 1970s, Bangladesh was considered one of the poorest countries in the world. According to experts, around 70-80 percent of population was below the income poverty line. During the independence years, numerous positive changes took place. Even though there is a lot of room for improvement, life standards have become more favorable for several population groups. Due to national programs realization which aimed at increasing levels of education, health protection, social assistance, etc., the number of poor people decreased to 24.3%. Another significant improvement concerns a Bangladeshi medium life span: it increased by more than 1.5 times.

The country belongs to the group of middle-income lands. By 2021, the government plans to bring the local revenues to an average world level. It should also be emphasized that Bangladesh has fulfilled the Millennium Development Goals and is actively involved in the Sustainable Development Goals implementation.

As a result of the economy’s sectoral structure transformation, which happened in the past decades, Bangladesh has turned out to change its status from an agrarian to an agrarian-industrial land. So, while in 2000 the share of agriculture in GDP was 25.5%, industry part — 25.3%, services — 49.2%, the situation was like follows in 2016: these parameters reached 14.8%, 28.8%, and 56.5% respectively.

Unfortunately, there is a high probability that new shocks and checks await the Bangladesh economy:

1. Firstly, the reason for that may lie in the high sensitivity of the country’s economy to changes in the competitive situation in the world sector.
2. Secondly, the situation in the CCG countries has a significant impact on the state of Bangladeshi economy.
3. Thirdly, due to its geographical location, the country’s territory is a subject to frequent natural disasters, causing significant damage.
4. Fourthly, fast-growing economies are characterized by increased corruption, favoritism, and inequality that impede progress.

As the example of many lands shows, social regression leads to a difficult and lengthy economic regression. However, if the government can confront these risks, Bangladesh has several chances to become a so-called new Asian Dragon.

In this quandary of uncertainty, a lot of wealthy people prepare “Plan B” to protect their business development and careers in general from collapse.

A second passport is absolutely included to the list of widespread solutions that Bangladeshi residents prefer when trouble-solving. The Caribbean region offers leading conditions in terms of their prosperity “skills” for participants. However, one of them has more distinguishing and valuable features.